APL Apollo Results Analysis

Q4FY25 – Sales Volume 850k Ton (Highest ever) 25% Growth YoY, Operating Revenue Rs. 5,509 Cr. 15.6% Growth YoY, EBITDA Rs. 414 Cr. 47.6% Growth YoY, EBITDA Margin 7.51% 163 bps Growth YoY, EBITDA Rs. 4864 Per Tonne 18% Growth YoY, Profit after tax (PAT) Rs. 293 Cr. 72% Growth YoY. Highest ever Revenue, EBITDA & PAT. FY25 – Sales Volume 3,158k Ton 21% Growth YoY, Operating Revenue Rs. 20,690 Cr. 14% Growth YoY, EBITDA Rs. 1,199 Cr. 0.6% flat Growth YoY, EBITDA Margin 5.8% 78 bps Negative Growth YoY, EBITDA Rs. 3,797 Per Tonne 17% Negative Growth YoY (weak retail spends, low government infra spend, general elections, steel downcycle), Profit after tax (PAT) Rs. 757 Cr. 3.4% Growth YoY. Management Targeting 20% YoY volume growth for the next 3–4 years. FY25 ROCE at 24.5% (vs. higher last year); Management targets 35% for FY26 and >50% over next 2–3 years. The Board declared Final dividend of Rs. 5.75 per Equity Share.